P Company has a variable overhead application rate of $1.75 per direct labor hour. During...
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Accounting
P Company has a variable overhead application rate of $1.75 per direct labor hour. During the year, there were 10,000 actual direct labor hours. The actual variable overhead for the year was $26,250 and the budgeted variable overhead for the year was $24,000. How much was the variable overhead spending variance?
Group of answer choices
$6,500 unfavorable
none of the other answers is correct
$2,250 favorable
$8,750 unfavorable
$2,250 unfavorable
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